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We Need A Database? Really?!? | ||||||||||||
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A database has two main parts. The first is data that is organized into a “table” or groups of "tables". The second is an engine. It is this engine that produces the power of the database. A simple example of a database is a spreadsheet. The data in the spreadsheet is organized. In other words, it is readable, searchable and is useful to a point. However, where spreadsheets fall short is when you need to link the spreadsheet together with other spreadsheets or find similarities among all of the sheets. That's when the "engine" of a database gives the spreadsheets some muscle. Every business has data in one form or
another: paper forms, files, or even notes. This data is
important to you and your business. Putting these things
into a database can help do the following:
The real power of a database is to leverage the data you have collected into business intelligence. This means turning the data into useful information that you can use to make important business decisions. For example, you have a database of your clients, their purchases, and how they were referred to you. The database engine can be directed to combine this data into a report that tells you where your referrals are coming from, the average value of that referral, and the time between customer purchases. Armed with this kind of knowledge you can now build a marketing strategy to use your resources in the way that has proven to be the most useful.
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